Economy

Home sales rose to their highest level since the financial crisis last week. While that's a good sign, full recovery is going to take a long time. Here's why.

MGIC Investment Corp. has begun a public offering of $350 million in senior notes.

Guild Mortgage and FirstREX are lifting the curtain on a down payment investment program.

The United Kingdom's vote to leave the European Union has created the largest refinanceable population in the United States since late 2012, according to Black Knight Financial Services.

Carver Bancorp in New York is dealing with a new set of challenges just months after being released from a longstanding enforcement order. The company’s woes highlight the challenges for banks with narrowly constrained business models.

Foundation Asset Management has requested a special meeting of Stewart Information Services Corp. stockholders, where it will propose removing co-vice chairmen Malcolm Morris and Stewart Morris Jr. from the company's board of directors.

The Department of Housing and Urban Development has reached an agreement with Citizens Bank to settle allegations that the bank discriminated against a woman on maternity leave.

The Federal Housing Administration is promoting a particular kind of financing for residential energy retrofits that another regulator staunchly opposes. Mortgage lenders and investors have qualms, too, about the impact on their standing in collateral claims.

Those with student loan debt but no college degree are less likely to own a home relative to a debt-free high school graduate, according to Fannie Mae.

Fannie Mae has released historical performance data on a portion of its modified single-family loans.

Teardowns — in which builders or private individuals purchase an aging, outmoded house, then demolish it and replace it with a modern home that will suit today's homeowners — are currently on a tear.

The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.

Fannie Mae has selected Corona Asset Management XVIII as the winner of its fourth and latest "community impact" pool of nonperforming loans.

By investing time early on with clients who may not be immediately ready for a mortgage, loan officer Becky Sandiland establishes relationships that generate future business.

Ocwen Financial Corp. posted yet another net loss during the second quarter, this time reflecting the impact of legal and settlement costs among other factors.

Arch Capital had underwriting income of $37.8 million in its mortgage insurance segment, which includes its U.S. subsidiary and an international reinsurance business.

Mortgage servicers should concentrate on providing a better experience for borrowers because customer retention benefits outweigh the costs, a J.D. Power survey found.

Mortgage rates increased slightly this week, but remain near historic lows, according to Freddie Mac.

President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention here appear resigned to the fact that Congress is unable to act on housing finance reform.

Two Harbors Investment Corp., one of the few regular sponsors of private-label mortgage securitization post-financial crisis, is pulling out of the market.